Used extensively in the formulation of liposomes for drug delivery systems, this compound enhances the stability and encapsulation efficiency of therapeutic agents. It plays a critical role in mimicking natural cell membranes, making it valuable in research focused on membrane biophysics and cellular interactions. Additionally, it is employed in the development of cosmetic products, where it acts as an emulsifier and skin-conditioning agent, improving texture and moisture retention. Its biocompatibility and ability to form bilayers also make it suitable for use in diagnostic imaging and targeted cancer therapies.